World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $658.50/mt on Wednesday, reaching the lowest level since March 13. The G20-HSFO Index slipped by $1/mt to $550/mt, while the G20-MGO Index lost $2.50/mt to $848.50/mt.
ICE Brent crude futures fell by $2.89/bl to $83.44/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $1/mt to $644.50/mt, at Rotterdam they declined by $10.50/mt to $590/mt, at Fujairah they rose by $0.50/mt to $643/mt, and at Houston they dropped by $11/mt to $608.50/mt.
On Thursday morning Brent futures were trading up by $0.56/bl from the previous session's close at $84/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $4.22/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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